Author Question: Husband and wife, who live in a common law state, are eligible to file a joint return for 2016, but ... (Read 37 times)

kaid0807 · **on:** Sep 13, 2020

Question 1

Deborah, who is single, is claimed as a dependent on her parents' tax return. She had a part-time job during 2015 and earned $850 during the year, which was her only income. What is her standard deduction?
◦ $850
◦ $1,050
◦ $1,200
◦ $6,300

Question 2

Husband and wife, who live in a common law state, are eligible to file a joint return for 2016, but elect to file separately. They do not have dependents. Wife has adjusted gross income of $25,000 and has $2,200 of expenditures which qualify as itemized deductions. She is entitled to one exemption. Husband deducts itemized deductions of $11,200. What is the taxable income for the wife?
◦ $14,650
◦ $18,750
◦ $20,950
◦ None of these.

strudel15 · **Reply #1 on:** Sep 13, 2020

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